News

News

Schlumberger posts third straight quarterly loss as oil rout hits services demand

OilNOW -
Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year’s slump in oil demand and prices due to the COVID-19 pandemic cut demand for its services. The company kicked off earnings from hard-hit...
News

New exploration wells, multiple appraisal drilling for Guyana offshore – Rystad Energy

OilNOW -
Even as the world buckles from the impact of the global pandemic, oil exploration and production operations continue at full speed in the South American country of Guyana where in recent weeks there has also been an uptick in...
News

Telecoms liberalisation will further boost Guyana’s oil-induced skyrocketing GDP

OilNOW -
As Guyana is poised to become one of the fastest growing economies in the world as a result of the massive oil discoveries made offshore, the move by the newly installed government to liberalise the country's telecommunications sector after...
News

U.S. expresses concern over tilting oil vessel near T&T, supports efforts to avert potential disaster

OilNOW -
The United States through its Embassy in Trinidad and Tobago said on Friday it is concerned by the potential risk to safety and environment posed by the Venezuelan-flagged vessel, Nabarima, in the Gulf of Paria. The Floating Storage and Offloading (FSO) ship has been tilting...
News

T&T government urged to act urgently on tilting vessel that could spill 1.3 million barrels of crude into sea

OilNOW -
The government of Trinidad and Tobago is being urged to act swiftly concerning a Floating Storage and Offloading (FSO) vessel that is tilting precariously in the Gulf of Paria with 1.3 million barrels of crude onboard. The Fishermen and Friends...
News

As Guyana discoveries mount experts say oil and gas will remain backbone of global energy supply

OilNOW -
Even with plummeting demand due to the global pandemic and the move towards renewables, experts believe that oil and gas will still remain the primary source of energy in the years to come, which is good news for new...
News

Guyana set to become region’s ‘most exciting investment destination’ – President tells business group

OilNOW -
With a burgeoning petroleum industry, where over 8 billion barrels of oil equivalent resources have been discovered so far by U.S. oil major ExxonMobil, Guyana is inviting foreign investors to play a major role in the country’s transformation. President of...
News

U.S Gov’t delegation’s visit is a sign of commitment to Guyana’s prosperity – U.S Embassy

OilNOW -
The visit to Guyana by a six-agency delegation from the United States Government this week is a sign of the U.S’ commitment to the South American country’s prosperity. This is according to a statement from the U.S Embassy in...
News

Hydrocarbon output from UK’s continental shelf doomed to never surpass 2 million b/d again – Rystad Energy

OilNOW -
Hydrocarbon production on the United Kingdom’s continental shelf (UKCS) has dropped steadily since its peak at 4.3 million barrels of oil equivalent per day (boepd) in 1999, never exceeding 2 million boepd after 2010. Promising exploration results by Hurricane...
News

Oceaneering bags BOP tethering services contract from Brazil’s Petrobras

OilNOW -
Oceaneering International Inc. announced Tuesday that it has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year. The scope of work includes data acquisition...
1...617618619...983Page 618 of 983

Latest News

NewsOilNOW -

SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks